The 2-year Treasury yield reached its highest level since June on Wednesday after minutes of the Federal Reserve’s most recent meeting showed policy makers see a risk they might need to tighten “by more than necessary” to restore price stability. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.278% rose 4.4 basis points to
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An average American throws out 60-80 pounds of used clothing in a lifetime. Add up all the people tossing the items they’re tired of and we’re talking many lifetimes of polluting degredation in a landfill. Nowadays, as younger generations in particular rethink consumption, the thrift or secondhand store is attracting shoppers who are not just mindful
Hot stocks took on a whole new meaning during meme stock mania. The question now is: are meme stocks back? It certainly looks like it judging by the way several securities have been trading in recent weeks. While some analysts and investors are labeling a slate of companies, primarily financial firms based in Hong Kong,
Stocks aren’t the only thing sizzling this summer. U.S. corporate bonds with speculative, or “junk,” credit ratings also have staged a breakneck rally in recent weeks, picking up momentum seen lately in major stock indexes as investors bet on a softish landing for the economy. Junk bond spreads last week posted their quickest retreat on
Staying healthy, keeping job skills up-to-date and taking classes to learn new skills are the top ways to stay relevant no matter where you are in your career, employers said in a recent study. The problem is that workers aren’t necessarily doing these things. In a recent study by the Transamerica Institute, employers’ top recommendations
The House of Representatives passed the Inflation Reduction Act on Aug. 12. It now goes to President Joe Biden’s desk. The bill is expected to generate $739 billion in revenue, according to the Congressional Budget Office (CBO). Of the $739 billion in revenue, $433 billion will be for new spending, while the remainder will be
This article is reprinted by permission from NextAvenue.org. My teenage son and I volunteered together for a local Meals on Wheels program in the summer of 2020, when COVID had caused an uptick in the need for home meal delivery services and a decrease in volunteers. We were assigned a route of eight clients, all of whom lived
AstraZeneca PLC said Monday that its Enhertu drug significantly delayed metastatic breast cancer progression in a Phase 3 trial, reinforcing the results of a prior trial. The Anglo-Swedish pharma giant AZN, +2.28% said results from the Destiny-Breast02 Phase 3 trial of Enhertu–trastuzumab deruxtecan–showed the trial met the primary endpoint, demonstrating a significant and clinically meaningful
The “crying CEO” said he never intended to become a viral phenomenon. Braden Wallake’s emotional LinkedIn post about having to lay off employees at his Ohio-based marketing-services company became the talk of social media this past week. But Wallake told MarketWatch he was as surprised as anyone that so many people responded to what he
A 14-room duplex in one of New York City’s most well-heeled co-op buildings, 740 Park Ave., came on the market Wednesday asking $26 million. Built in 1929 by James T. Lee, the banker and real-estate investor grandfather of Jacqueline Kennedy Onassis, the building was designed by noted New York City architect Rosario Candela. The future
A jersey that Michael Jordan wore during a 1998 NBA Finals game in Utah will be auctioned by Sotheby’s online from Sept. 6-14. With a presale estimate of between $3 million and $5 million, it will be the most expensive price for a Jordan jersey, or any piece of Jordan memorabilia, the auction house said.
Retail stocks could have a busy few days as earnings season is in full swing. Next week we’ll get quarterly prints from a series of leading retailers. Taken together, the results should provide strong indications of the state of the U.S. economy and consumer spending. As inflation remains high and interest rates used to combat
Details of what the FBI took from former President Donald Trump’s Florida estate were released Friday, including top-secret documents. Agents took binders of photos, a handwritten note and a grant of clemency for Trump ally Roger Stone, according to a list of items removed Monday from the ex-president’s Mar-a-Lago private club in Palm Beach, Fla.
Source: Led Gapline / Shutterstock [Editor’s note: “Get Ready to Shell Out for the ‘iPhone Killer’” was previously published in December 2021. It has since been updated to include the most relevant information available.] I love my iPhone. I can do everything on it. Send messages. Call folks. Read the news. Trade stocks. Watch videos.
There’s been a lot of news about inflation lately, especially about whether we are entering a recession or whether we’re already in one. Although the conventional definition of a recession is two consecutive negative quarters of real GDP, there is no consensus among economists — and everyone else, for that matter — that we’re in
AMTD Digital (NYSE:HKD) stock flew onto traders’ radars recently as it rallied hundreds of percentage points. Cautious investors should investigate the company before taking a position, though. There’s nothing special about AMTD Digital in particular as a business, and the share-price surge is likely due to a short squeeze. If you’re in the U.S., chances are
Have you ever wondered why in some shopping malls, some of the luxury stores have long lines of people waiting to enter, cordoned off by red velvet ropes? It’s not that there isn’t enough room in the shop, or that there isn’t enough staff on hand to attend to customers. It’s because the company is capitalizing
Source: Shutterstock [Editor’s note: “Become a Billionaire by Investing in The Industry With Infinite Potential” was previously published in August 2021. It has since been updated to include the most relevant information available.] Life’s different for billionaires. They live in multi-acre estates worth tens of millions of dollars. They drive cars that are the stuff
A new property tax relief law went into effect this week in Maine, which could be a boon for seniors in the nation’s oldest state that also has the fourth-highest homeownership rate. Under the “Property Tax Stabilization Program,” seniors who are 65 and older and permanent residents of Maine can freeze their property taxes at
It was nothing to sneeze at. A man who co-created the cold remedy, Zicam, has been charged with running a phony movie business called Desilu Studios after the famed production company behind “I Love Lucy” and “Star Trek,” and using cash he attracted for film projects to line his pockets. Charles Hensley, 68, of Redondo